Brief: Playstudios Acquires Mobile Casual Game Studio Brainium

PLAYSTUDIOS

13/10/2022 11:53

Oct 13 (Reuters) - Playstudios Inc  MYPS.O :
    * PLAYSTUDIOS ACQUIRES MOBILE CASUAL GAME STUDIO BRAINIUM
    * PLAYSTUDIOS INC SAYS ACQUISITION IS ACCRETIVE TO EARNINGS
    * ACQUISITION CONSISTS OF $70 MILLION IN UPFRONT CASH WITH
CONTINGENT CONSIDERATION TIED TO PERFORMANCE OF BRAINIUM
    * ACQUISITION ADDS GAMES, SUCH AS SOLITAIRE, SPIDER
SOLITAIRE,
SUDOKU, AND MAHJONG, TO PLAYSTUDIOS

Source text for Eikon:  ID:nBw6ZxqpRa 
Further company coverage:  MYPS.O